COMMERCIAL

Greymouth Evening Star, 17 February 1930, Page 9

COMMERCIAL

SOUTHLAND MEAT WORKS (Per Press Association.) INVERCARGILL, February 16. Speaking at the annual meeting of the Southland Frozen Meat Coy., , Which has declared a twelve per cent. ; dividend, the chairman, Mr. John Gilk- ’ ison, stated that steady and 1 continued pressure exerted by the large oversea meat interests was resulting in the own- . ership or the control of the New Zeai land meat works passing to the large oversea interests. The outlook did not promise a continuance of high prices, owing to the increased production abroad, and notably in the Argentine. While the directors of the company did not desire to sell their works, he said, circumstances might prove too strong or too tempting for them. STOCKS AND SHARES. DUNEDIN, February 17. Sale reported: Bank of Australasia £ll/17/6. AUCKLAND, February 17. Sales: Mount Albert 5| loan 1963, £97/10/-; Bank of New Zealand , £2/18/6; Commercial Bank of Aus--1 tralia 2/5.

A.M.P. SOCIETY. Earl Jellicoe has been appointed to the London Board of Directors of the A.M.P. Society, to fill the vacancy occasioned by the recent death of Sir John A. Cockburn. Lord Bledisloe, our new Governor-General, was also a London Director of the Society, which position he relinquished on attaining Cabinet rank. NEW COMPANY. Snowball Ice Creams, Ltd. Registered as a private company, January 31, 1930. Capital £l2OO, into 1200 shares of £1 each. Subscribers : Nelson —H. R. Duncan 125, G. Manson 100, C. J. Brown 100, E. F. Wastney 25, C. B. Hodgson 25. Christchurch —N. J. Morris 100, G. M. Smith 200, P. H. Venables 50, M. E. Venables 50, H. T. Cowper 100. Hokitika—D. Stevenson 50, J. Stevenson 50. Greymouth—J. MacLeod 100. Dobson—J. Hughes 100, S. B. Quintrell 25. Objects : To acquire from C. J. Brown the ice-cream manufacturing business at present carried on at Nelson by him. HOMELAND MARKETS. LONDON, February 16. The stock markets generally show some indications of returning strength, many believing the worst period of reaction is already passed. The giltedged market evinced a marked improvement latterly, due to the favourable reception of the new offers of trustee stocks, coupled, with the reduction of the bank rate and the smooth functioning of the Hatry settlement arrangements. The wool outlook has slightly improved. Most users approved Australian selling interests’ efforts towards the stabilisation of values, though some Bradford interests are disposed to resent any artificial restrictions, contending that the big weight still coming on. the market is a menace to trade. Bradford tops quotations certainly are steadier, though, buyers are still inclined to play for safety in view of the possibility of being caught overstocked in the event of the market relapsing.